Pearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

175.To ask the Minister for Finance if the tax revenue projections from 2025 in the Stability Programme Update incorporate indicative tax packages in each of the years from 2025; and if so, to outline their annual value and cumulative value from year to year. [24768/24]

Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

In line with the last number of years, the Stability Programme Update tax revenue projections incorporate an indicative tax package each year from 2025, on the order of €1.1 billion as outlined in Government's medium strategy in the Summer Economic Statement 2023. On a cumulative basis, this equates to c. €3.3 billion from 2025 to 2027.

It should be emphasised that this is a technical assumption: Government will set out the parameters for Budget 2025, including the size of any tax package, in the upcoming Summer Economic Statement.